Final Thoughts
Final Thoughts
Written by John Packard
November 18, 2016
Later this week is Thanksgiving so we will have an abbreviated publishing schedule this week. We will publish on Tuesday and we will not publish on Thursday. If we publish on Sunday it will be a shorter than normal issue and then we will get back to our normal schedule until we reach the Christmas and New Year’s Holidays.
We started our mid-November flat rolled market survey on Friday and we will collect responses through 5 PM on Tuesday of this week. If you received an invitation please take a few minutes to click on the button in the message which will take you to the questionnaire.
We will continue to collect information on the new coating extras. We know there are a couple of mills who are not represented in the analysis that we did in tonight’s issue and we will catch up to those and put the comparisons on our website as the week progresses.
I want to welcome those of you who have recently become members as well as those who have signed up for a trial of our newsletter/website. We encourage questions, comments and suggestions, so if you have anything you would like to have us dig deeper into please send us an email to: info@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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Final Thoughts
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
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SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.